MUFG (MUFG) director Hiroyuki Seki details common stock and stock compensation points
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
MITSUBISHI UFJ FINANCIAL GROUP INC director Hiroyuki Seki reports existing equity-related interests. He holds 54,450 shares of common stock directly. In addition, he holds non-adjustable and performance-based stock compensation plan points that can each convert into one share of common stock if service and plan conditions are met.
Footnotes explain that these points are subject to clawback or forfeiture for cause and will generally be exchangeable into shares after retirement or after the medium-term business plan period ending March 31, 2027. A board incentive plan trust will sell 50% of the related shares in pre-arranged open market sales in Japan on specified dates, delivering a mix of cash proceeds and shares to Seki.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Seki Hiroyuki
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Compensation Plan Points | -- | -- | -- |
| holding | Stock Compensation Plan Points | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Compensation Plan Points — 177,412 shares (Direct);
Common Stock — 54,450 shares (Direct)
Footnotes (1)
- Represents the aggregate non-adjustable points held by the reporting person as of June 26, 2026 under the Issuer's stock compensation plan (the "Plan"). Subject to clawback and forfeiture for cause, each non-adjustable point held under the Plan will be exchangeable for one share of the Issuer's common stock following the reporting person's retirement from the position with responsibilities based on which the points were granted. Prior to delivery, the shares to be exchanged for the received points are held by a board incentive plan trust, and 50% of such shares will be sold by the trust through pre-arranged open market sale in Japan in accordance with the Plan on a specific date following the reporting person's retirement from the relevant position. Net proceeds from such sale in cash, together with the remaining 50% in shares, will be delivered to the reporting person. Represents an aggregate of annual performance-based points consisting of (i) points granted on June 1, 2025, based on certain performance criteria applied during the reporting person's service period from July 2024 to June 2025, and (ii) points granted on June 1, 2026, based on certain performance criteria applied during the reporting person's service period from July 2025 to June 2026, in each case under the Issuer's stock compensation plan (the "Plan"). Subject to clawback and forfeiture for cause, each annual performance-based point received under the Plan will be exchangeable for one share of the Issuer's common stock following the end of the Issuer's current three-year medium-term business plan period ending on March 31, 2027. Prior to delivery, the shares to be exchanged for the received points are held by a board incentive plan trust, (Continued from footnote 2)and 50% of such shares will be sold by the trust through pre-arranged open market sale in Japan in accordance with the Plan on the tenth business day in June 2027. Net proceeds from such sale in cash, together with the remaining 50% in shares, will be delivered to the reporting person. In addition to the non-adjustable points and annual performance-based points, the reporting person is entitled to medium-term performance-based points based on the reporting person's performance during the Issuer's current three-year medium-term business plan period ending March 31, 2027. These points are subject to an adjustment ranging from 0% to 150% and will be determined and fixed following the end of the Issuer's current three-year medium-term business plan period ending on March 31, 2027. Subject to clawback and forfeiture for cause, these medium-term performance-based points will also be exchangeable into shares of the Issuer's common stock on a one for one basis following the end of the Issuer's current three-year medium-term business plan period ending on March 31, 2027 and delivered based on the same delivery terms as annual performance-based points.
Key Figures
Direct common shares: 54,450 shares
Non-adjustable plan points (set 1): 21,876 underlying shares
Non-adjustable/plan points (set 2): 177,412 underlying shares
+3 more
6 metrics
Direct common shares
54,450 shares
Directly held common stock following reported holdings
Non-adjustable plan points (set 1)
21,876 underlying shares
Stock compensation plan points exchangeable 1:1 into common stock
Non-adjustable/plan points (set 2)
177,412 underlying shares
Additional stock compensation plan points exchangeable 1:1 into common stock
Medium-term adjustment range
0%–150%
Adjustment range for medium-term performance-based points
Medium-term plan end
March 31, 2027
End of MUFG three-year medium-term business plan period
Scheduled sale date
Tenth business day in June 2027
Date when trust sells 50% of certain shares in Japan
Key Terms
stock compensation plan, board incentive plan trust, clawback, forfeiture for cause, +1 more
5 terms
stock compensation plan financial
"under the Issuer's stock compensation plan (the "Plan"). Subject to clawback"
board incentive plan trust financial
"shares to be exchanged for the received points are held by a board incentive plan trust"
clawback financial
"Subject to clawback and forfeiture for cause, each non-adjustable point"
A clawback is a contractual or legal right to recover money that was already paid out—often executive bonuses, incentives, or erroneous payments—when certain conditions change, such as fraud, accounting mistakes, or failure to meet performance targets. It matters to investors because clawbacks protect shareholder value by discouraging risky or misleading behavior, can affect future cash flow and executive incentives, and signal stronger governance, much like a store recalling a refund after discovering it was issued in error.
forfeiture for cause financial
"Subject to clawback and forfeiture for cause, each annual performance-based point"
medium-term performance-based points financial
"the reporting person is entitled to medium-term performance-based points based on the reporting person's performance"
FAQ
What equity holdings does Hiroyuki Seki report in MUFG on this Form 3?
Hiroyuki Seki reports direct ownership of 54,450 common shares of MITSUBISHI UFJ FINANCIAL GROUP INC. He also holds several categories of stock compensation plan points, each generally exchangeable into one common share if future service and performance conditions under the plan are satisfied.
How do MUFG stock compensation plan points work for Hiroyuki Seki?
Each non-adjustable or performance-based point under MUFG’s stock compensation plan is exchangeable for one common share once conditions are met. The points are subject to clawback and forfeiture for cause, and conversion typically occurs after retirement or at the end of the medium-term plan period.
What are Seki’s annual performance-based stock compensation points at MUFG?
Seki holds annual performance-based points granted on June 1, 2025 and June 1, 2026, tied to service periods from July 2024–June 2025 and July 2025–June 2026. Each point can convert into one MUFG common share after the March 31, 2027 medium-term business plan period ends.
What are MUFG medium-term performance-based points described in Seki’s holdings?
Medium-term performance-based points depend on performance over MUFG’s three-year medium-term business plan ending March 31, 2027. They can be adjusted from 0% to 150% of target and then exchange one-for-one into common shares, delivered under the same terms as annual performance-based points.
When are MUFG stock compensation points expected to convert for Hiroyuki Seki?
Non-adjustable points convert after Seki retires from the relevant position. Annual and medium-term performance-based points generally convert after MUFG’s three-year medium-term business plan ends on March 31, 2027, with sales on the tenth business day in June 2027 for certain shares.